18 Guam Code Ann. § 82404
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Terms Used In 18 Guam Code Ann. § 82404
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
COL120106
18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 82 OBLIGATIONS EXTINGUISHED
Part performance of an obligation, either before or after a breach thereof, when expressly accepted by the creditor in writing, in satisfaction, or rendered in pursuance of an agreement in writing for that purpose, though without any new consideration, extinguishes the obligation.
SOURCE: CC § 1524.
NOTE: No 1970 Civil Code Ԥ 1525-1529 existed.
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